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02-11-2021, 04:19 PM #1
- Join Date
- Dec 2017
- Posts
- 20
^^^^^^^
Well said @DTFdowntofund .
I don't care how a file is labeled on submission as long as the merchant profile fits our funding box. Lenders send you guidelines for a reason; use them. ISOs would close 40% more deals if they took the time to look at the client's banks before submitting.
Remember lenders are the ones taking the risk to fund the deal. We instantly can lose 20-500k on a merchant going bad. So if/when you get mad at deals getting killed at the 11th hour remember that. NO ONE wants to kill deals at the 11th hour but the industry is based on risk and we calculate the risk to the best of our abilities and sometimes it happens.__________________________________________________ __________________________________________________ __________________________________________________ __________________________________________
David Stewart
Director of Business Development
Business Capital Providers
Office:954-364-7764
Mobile:954-937-1218
david@bcproviders.com
bcproviders.com
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